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Kospi, Nikkei Drop as US-Iran War Lifts Oil

South Korea's Kospi fell 2.01% and Japan's Nikkei dropped 1.17% on Wednesday as the US-Iran conflict drove crude oil prices higher. Asian markets face particular pressure as most regional economies import nearly all their oil, raising inflation and margin risks.

Iran War Deal Sends Stocks Soaring, Oil Falls

A deal to end the Iran war triggered sharp gains in global stock markets, with Japan's Nikkei 225 rising 4.99% and South Korea's Kospi surging 5.54%. Oil prices fell as investors priced out Middle East conflict risk, benefiting energy-importing economies.

Nikkei 225 Crosses 60,000, Sets All-Time High

Japan's Nikkei 225 index crossed 60,000 points for the first time and closed at a record high. The milestone extends a rally that only recently broke through the index's previous 1989 peak after a 34-year gap.

Nikkei Crosses 60,000, Eyes Record Close

Japan's Nikkei 225 crossed 60,000 and was on course for a record closing high. The move signals sustained foreign buying and improving corporate earnings, driven partly by a weak yen and governance reforms. A confirmed close above this level would mark a historic turning point for Japanese equities.

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nikkei-225

Japan's Nikkei average eclipses 60,000, on course for record close

Japan's Nikkei 225 crossed 60,000 and was on course for a record closing high. The move signals sustained foreign buying and improving corporate earnings, driven partly by a weak yen and governance reforms. A confirmed close above this level would mark a historic turning point for Japanese equities.

4mo ago · 1 min · Markets

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